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Hotdesk raises $1M in seed funding round

Hotdesk raises $1M in seed funding round

ArabFinance: The UAE-based Hotdesk raised $1 million seed funding round to transform how people work, the company announced in a press release.

The round was led by UAE-based company Virtuzone, and featured participation from the VC arm of real estate group AlZayani Investments, Zayani Venture Capital (ZVC), as well as several angel investors including Swvl CFO Youssef Salem.

The company did not give further details regarding its planned launch in Egypt.

Hotdesk’s soft launch has generated $100,000 in gross bookings, 10,000 hours of bookings, 1,500 users, and 3,000+ rooms and areas from 300+ hosts across 55 cities in EMEA.

Hotdesk’s platform has multiple offerings - desks, meeting rooms and private offices by the hour, day, month, or year. The proprietary technology creates an opportunity for businesses with underutilized workspaces to sublet their vacant office space and generate additional revenue.

 

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